The Conference Board is predicting economic growth in New Brunswick will rise to 2.4 per cent this year and 2.7 per cent in 2016 because of the lower value of the Canadian dollar and strengthening U.S. economy.
There’s also a warning the slowdown in Alberta’s energy industry will have adverse consequences for the Atlantic region because many of the workers who flew in and out of the province for oil and construction work may now be without work.
It’s estimated those workers generated $374 million in income for Atlantic Canada but oil prices are expected to increase gradually later this year and in 2016 as the oil glut eases and global demand picks up.
